Saved Help Save 1 Part 1 of 2 Required information Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below.) Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,000 1.71 points units eBook $ 3,150.000 ASK PHOENIX COMPANY Fixed Badget For Year Ended December 31 Sales Costs Direct nate als Direct labor Sales staft commissions Depreciation Machinery Supervisory salaries Shipping Sales statt salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income 1,050,000 240,000 45,000 315,000 250.000 90,000 235,000 230.000 210,000 $ 485,000 Print References Problem 21-1A (Algo) Preparing and analyzing a flexible budget LO P1 Required: 182. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold. Prey 1 2 of 7 8 Next > Mc Graw Hill 1 Required information Prepare flexible budgets at sales volumes of 14,000 and 16,000 units Part 1 of 2 171 points PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible Budget Variable Amount Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 14,000 16,000 per Unit eBook ASK Print Sales Variable costs Direct materials Direct labor Depreciation-Machinery Utilities Shipping Contribution margin Total variable costs Fixed costs Depreciation Machinery Sales staff salaries Utilities Supervisory salaries 0.00 References $ 05 05 Total fixed costs Income CD 1 2 Prey of 7 Next > Mc Graw Hill Helc 1 Required information 1&2. Prepare flexible budgets at sales volumes of 14,000 and 16,000 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted Income statement if 18,000 units are sold Part 1 of 2 Complete this question by entering your answers in the tabs below. 1.71 points Reg 1 and 2 Reg 3 eBook The company's business conditions are improving. One possible result is a sales volume of 18,000 units. Prepare a simple budgeted income statement if 18,000 units are sold. Ask PHOENIX COMPANY Budgeted Income Statement For Year Ended December 31 Sales (in units) 18.000 Print References $ ROU Prey Mc Graw Hill Saved 2 units Part 2 of 2 $ 3,150,000 PHOENIX COMPANY Fixed Budget For Your Ended December 31 Sales Costs Direct materials Direct labor Sales staff comissions Depreciation-Machinery Supervisory salaries Shipping Sales statt salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income 1.71 points 1,050,000 240,000 45,000 315,000 250,000 90,000 235,000 230,000 210,000 $ 485,000 Skipped eBook Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1 Ask Phoenix Company reports the following actual results. Actual sales were 17,000 units. Print References Sales (17,000 units) Costs Direct materials Direct labor Sales statt commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,665,000 $ 1.199,000 311.000 51,000 315,000 260,000 105,000 268,000 251,000 210,000 745,000 Required: Prepare a flexible budget performance report for the year, (Indicate the effect of each variance by selecting "Favorable SN of 7 Next > Mc Mc Graw Hill